Amended and updated notes on section 45 of Companies Act 2013. Detail discussion on provisions and rules related to numbering of shares.
Chapter IV (Sections 43–72) of the Companies Act, 2013 (CA 2013) deals with the provisions related to share capital and debentures. Section 45 of CA 2013 provides for numbering of shares.
Recently, we have discussed in detail section 44 (Nature of shares or debentures) of CA 2013. Today, we learn the provisions of section 45 of Companies Act 2013 read with the Companies (Share Capital and Debentures) Rules, 2014.
Section 45 of the Companies Act, 2013 has been notified by the Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 2754(E) issued dated 12.09.2013. This notification was come into force from 12th September, 2013 i.e. the commencement date of section 45 is 12-9-2013.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | IV |
| Chapter Name | Share Capital and Debentures |
| Section No. | 45 |
| Section Name | Numbering of shares |
| Monthly Updated Edition | Company Law PDF |
Section 45 of Companies Act 2013: Numbering of shares
Section 45 shall come into force on 12th September, 2013 vide Notification No. S.O. 2754(E) dated 12.09.2013.
Every share in a company having a share capital shall be distinguished by its distinctive number:
Provided that nothing in this section shall apply to a share held by a person whose name is entered as holder of beneficial interest in such share in the records of a depository.